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Jan 28, 2013
01/13
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little understanding of the regular tatory structure of the eu and of eu laws on our economic activities. and i think most people, if we have an electoral campaign in the city, i think it might become a bit clearer to people with the costs and benefits of leaving. >> what about joining america, the 51st state? we've learned the united states has no interesting in leaving the -- we've had several warnings making it clear that the special relationship as such exists depends on britain and part of the eu. >> and i wonder why to them it's so important that the status quo is maintained. >> for the united states? >> yes. >> because britain clearly, thelithe li linguistic say close corporation on military issues means that there is a level of trust, perhaps, as the u.s. bank is more difficult to establish with other major european nations. so it's very important. >> interesting with more on that in a bit. we also want to follow what is happening with italy. shares are trading higher after monte paschi gave the go ahead for a bailout. the group is seeking a new investor to keep the company afloa
little understanding of the regular tatory structure of the eu and of eu laws on our economic activities. and i think most people, if we have an electoral campaign in the city, i think it might become a bit clearer to people with the costs and benefits of leaving. >> what about joining america, the 51st state? we've learned the united states has no interesting in leaving the -- we've had several warnings making it clear that the special relationship as such exists depends on britain and...
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Jan 11, 2013
01/13
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the eu muniea explains his investigation into the search engine. he's convinced google is profiting by diverting internet traffic for certain businesses. >>> american skres announced better-than-expected earnings for the fourth quarter. it saw revenues of $8.4 had billion. it will make big restructuring changes which includes 5,400 job cuts throughout the quarter. shares dipped in extended hours of trading the. >>> and the fate of superman remains firmly with warner brothers and dc comics after a decision from a california court. the court of appeals said that the rights for the man of appeals should not stay with the cocreators. the decision means that warner can release this summer's new superman reboot without fear of legal challenges. so we're watching today. who is your favorite hee roar? superman, ironman, super mario draghi? whoever you like, e-mail us, tweet us. my produces asked me who i thought my favorite super hero was. it took my a while to think about it, but then i thought hong kong fooey. there you go. many happy memories. talking a
the eu muniea explains his investigation into the search engine. he's convinced google is profiting by diverting internet traffic for certain businesses. >>> american skres announced better-than-expected earnings for the fourth quarter. it saw revenues of $8.4 had billion. it will make big restructuring changes which includes 5,400 job cuts throughout the quarter. shares dipped in extended hours of trading the. >>> and the fate of superman remains firmly with warner brothers...
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Jan 14, 2013
01/13
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>> to exit the eu? i think the base case is they would like to stay in it, but have a lot more control. i think that's clearly going to be the aim for the government and that's where boris johnson sits and i think that probably ties in with not the majority of you, but the larger view, the base view of most people. >> about how does it go down in brussels, they would like to renegotiate on their terms? >> it's going to go down very well. but if they're trying to incident gragz closer iens in the eurozone, clearly, at the u has to change. the challenge will be working out how you do that and what the institution -- what they have at the moment are eu institutions for which are used for the eurozone. they may have to create new institutions for the eurozone and a different one for the eu. i don't know. >> sounds like a headache to me. there's a little over a month to when italians head to the polls. >> i'm not any expert about political polls. i think what is important is that the works that we have doing
>> to exit the eu? i think the base case is they would like to stay in it, but have a lot more control. i think that's clearly going to be the aim for the government and that's where boris johnson sits and i think that probably ties in with not the majority of you, but the larger view, the base view of most people. >> about how does it go down in brussels, they would like to renegotiate on their terms? >> it's going to go down very well. but if they're trying to incident gragz...
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Jan 25, 2013
01/13
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what would be the implications if the eu has left? >> i think we are still quite far from that happening. of course, this announcement of a referendum years from now is creating uncertainty and is not necessarily helpful in terms of stabilizing the economy, neither in the uk or in the european union. >> do you think changes need to be made in terms of policies to encourage the uk to stay? >> in fact, many of the elements or the policy agenda of david cameron are something which are very important and the commission is working for the confidence of european industry, a rather comprehensive free trade agenda as well as the competition of the single market. this beneath for restoration of the european industry and of returning to sustainable growth and better employment. but there is no need to leave the european union for the policy -- >> this morning, as you well know, the foreign affairs and trade, as well, there's quite a lot of support around europe for david cameron's thought process of what he wants to achieve in the single market
what would be the implications if the eu has left? >> i think we are still quite far from that happening. of course, this announcement of a referendum years from now is creating uncertainty and is not necessarily helpful in terms of stabilizing the economy, neither in the uk or in the european union. >> do you think changes need to be made in terms of policies to encourage the uk to stay? >> in fact, many of the elements or the policy agenda of david cameron are something...
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Jan 21, 2013
01/13
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we're not hearing a lot about people joining the eu lately. if anything, it's the uk might exit. >> yeah. this long delayed speech by david cameron, the british prime minister, which is supposed to come up with some sort of call for some sort of referendum, i serpt won't we 2016, 2017 or 2018. i think there is a bigger risk of a brixet. but either there won't be a referendum because david cameron won't win the next election or there will be a referendum ask is we still won't leave the eu. but i think very damaging for investments and confidence that you have this thing that could be hanging over us for five years. >> exactly. this is not an issue that's going to be resolved in the near term. but, you know, iceland wants in, so it can't be all bad. as israelis heads to the polls tomorrow, most are expecting a victory for benjamin netanyahu. but while a third netten what hue terms remains a large possibility, david joins us with more. so thank you. the timing of this national re-election, which of these is most important to your point of view? >
we're not hearing a lot about people joining the eu lately. if anything, it's the uk might exit. >> yeah. this long delayed speech by david cameron, the british prime minister, which is supposed to come up with some sort of call for some sort of referendum, i serpt won't we 2016, 2017 or 2018. i think there is a bigger risk of a brixet. but either there won't be a referendum because david cameron won't win the next election or there will be a referendum ask is we still won't leave the eu....
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Jan 8, 2013
01/13
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slower growth in the economy, the eu debt crisis and superstorm sandy are expected to top issues. take a look at shares this morning. before the report, they're down .75% in frankfurt. so trailing the 34k9. they have been roughly flat over the last few months. james is a huge fan of werings season. you're so excited about this one, i know. >> i live for the wering hes season. you could spend almost your entire time -- >> there's only about three months of the year when you're not engaged in looking at earnings. >> ask you're probably on holiday. >> and are we too focused on werings season? >> samsung, earnings results up, share price down. if you think earnings is relative for share price performance, it isn't. we're talking about the reporting season rather than the underlying earnings. >> they have quite a lot of leeway. they've given guidance to the analysts about what those earnings might look like in the near term. all the analysts are pawing at the results. all in all, a huge amount of activity and brain power wasted on something which in the near term has been well flagged,
slower growth in the economy, the eu debt crisis and superstorm sandy are expected to top issues. take a look at shares this morning. before the report, they're down .75% in frankfurt. so trailing the 34k9. they have been roughly flat over the last few months. james is a huge fan of werings season. you're so excited about this one, i know. >> i live for the wering hes season. you could spend almost your entire time -- >> there's only about three months of the year when you're not...
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Jan 29, 2013
01/13
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we've had a big eu change on the agenda. >> yeah. >> we don't know how that's going to come out in the wash, do we? >> that changes things around. but in the short-term, it does mean that the markets are a little more volatile and it has been a sizable change. >> it's just unfortunate to some degree that these natural disasters which affect many people and are stressful events to live through then cause insurance premium toes rise, which sounds like that's what's happening in part of the u.s. >> it varies, but long-term insurers will look to make profit over a period of time. when they do happen, they have to look at have they been in line with all their expectations? >> and what's happening with capacity? it's dictated by capacity levels. >> yeah. pnc, capital comes in and out frequently been we are seeing money coming into the insurance sector. as capacity comes in, rates will go down. >> i want to talk about life, but first to cap off what happened with superstorm sandy, it took a while to get a sense of how costly that event was. what's emerging? >> i think most of the q4 earnings,
we've had a big eu change on the agenda. >> yeah. >> we don't know how that's going to come out in the wash, do we? >> that changes things around. but in the short-term, it does mean that the markets are a little more volatile and it has been a sizable change. >> it's just unfortunate to some degree that these natural disasters which affect many people and are stressful events to live through then cause insurance premium toes rise, which sounds like that's what's...
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Jan 22, 2013
01/13
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they then find a solution presented to brussels and basically present the rest of the eurozone or the eu with a -- do you think this criticism is justified? >> certainly this is a point of criticism that's made outside of germany and france but that's made inside germany and france. some politicians frmt call for widening of the partnerships such as poll left-hand looking towards the east or spain or italy. even more so in the french population. there's a call of widening this partnership. as i've said, france and germany often do have contradictory policy positions. so other countries can really find themselves within these positions, i think. so at the end of the day, it's not so much i think a question of content, but rather a question of style. so what germany and france need to make sure is that they do show leadership, as i've said, to their political and economic weight, but they do find the balance between leadership and dominance because surely dominance is not what either of the two countries or any country in europe would want. >> lead but don't -- >> back to you. >> thank you
they then find a solution presented to brussels and basically present the rest of the eurozone or the eu with a -- do you think this criticism is justified? >> certainly this is a point of criticism that's made outside of germany and france but that's made inside germany and france. some politicians frmt call for widening of the partnerships such as poll left-hand looking towards the east or spain or italy. even more so in the french population. there's a call of widening this...
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Jan 10, 2013
01/13
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delivers the message to britain saying you're special, but only special if you stay at the heart of the eu. they're under pressure to renegotiation the relationship with brussels. but the u.s. assistant secretary said such a plan would have major consequences. as chairman of the business in europe outlined on cnbc last night. >> we don't want to run the risk of trying to set the bar too high in the sense that there's some fantastic renegotiation we can have where we can cherry pick the bits we like, get rid of the bits we don't, because the chances of that happening are probably close to zero. so we don't want to see any risk in our membership. we want more reform by absolutely we do. we made that very clear in the letter. but we don't want to risk or membership because our membership is responsible for millions of jobs and underpins our future prosperity. >> so that debate is going to em. at the same time, david, you think the pound is going to come under pressure. it's a triple cocktail that's going to undermine it. what is that? >> yeah. that's the idea we had, we were talking last year
delivers the message to britain saying you're special, but only special if you stay at the heart of the eu. they're under pressure to renegotiation the relationship with brussels. but the u.s. assistant secretary said such a plan would have major consequences. as chairman of the business in europe outlined on cnbc last night. >> we don't want to run the risk of trying to set the bar too high in the sense that there's some fantastic renegotiation we can have where we can cherry pick the...